Today in History

Today in History Today is Saturday, Nov. 21, the 326th day of 2020. There are 40 days left in the year. Today’s Highlight in History: On Nov. 2...

IMF director: virus could disrupt global recovery

WASHINGTON (AP) — The head of the International Monetary Fund said Thursday that the while the United States and other major economies turned in better-than-expected economic performances in the third...

Zambia on brink of default as deadline to clear debt looms

LUSAKA, ZAMBIA (AP) — Zambia faces a Friday deadline to clear debt owed to external investors who have rejected the country's request for deferral of an overdue $42.5 million interest payment. ...

Zambia's risk of default highlights Africa's debt crisis

KAMPALA, Uganda (AP) — Facing financial difficulties aggravated by the coronavirus pandemic, the southern African nation of Zambia appears headed for a default on debt owed to private investors. ...

IMF blames resurgent coronavirus for UK growth downgrades

LONDON (AP) — The International Monetary Fund has downgraded its growth forecasts for the British economy for this year and next, following an acceleration in the number of coronavirus infections over...

Ukraine president slams 'unacceptable' corruption ruling

A "devastating blow" to Ukraine's anti-corruption effort prompted President Volodymyr Zelenskiy to call a national security meeting, his aides said on Thursday. The move comes in respons...

China: An unpopular winner in the year of the coronavirus

China has the pandemic under control. But is that also true of the collateral damage it has suffered on the international stage? Beijing faced massive international criticism for its nontransparent co...

Taiwan institute raises nation's GDP forecast for 2020 to 1.76% growth

TAIPEI (Taiwan News) — The government-funded Chung-Hua Institution for Economic Research (CIER) has raised its forecast for Taiwan’s GDP growth in 2020 to 1.76 percent, and the growth is p...

Business Highlights

___ AP-NORC/SAP poll: 1 in 4 US workers have weighed quitting NEW YORK (AP) — The coronavirus pandemic has put millions of Americans out of work. But many of those ...

IMF: Nearly all Mideast economies hit by pandemic recession

DUBAI, United Arab Emirates (AP) — The coronavirus pandemic has pushed nearly all Mideast nations into the throes of an economic recession this year, yet some rebound is expected as all but two — Leba...

Business Highlights

___ US jobless claims rise to 898,000 with layoffs still high WASHINGTON (AP) — The number of Americans seeking unemployment benefits rose last week to 898,000, a h...

IMF warns global economy could be permanently scarred

WASHINGTON (AP) — The global economy's recovery from the pandemic recession is tentative and uneven and “marked by significant uncertainty” as confirmed coronavirus cases spread in many countries, int...

IMF incorrectly lists Taiwan as ‘Province of China’

TAIPEI (Taiwan News) — The International Monetary Fund (IMF) has incorrectly listed Taiwan as “Taiwan Province of China” throughout its website. In the IMF’s DataMapper sect...

Asian shares track Wall Street decline on pandemic jitters

Shares were mostly lower in Asia on Wednesday after pandemic concerns snapped a four-day winning streak on Wall Street. Rising coronavirus counts in many countries ...

IMF to raise estimate of Taiwan's 2020 GDP growth from -4 to 0%

TAIPEI (Taiwan News) — The International Monetary Fund (IMF) has raised its GDP growth estimate for Taiwan to zero as most other countries suffer a negative economic forecast due to the ongoing ...